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20121202
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CNBC 30
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English 87
Search Results 0 to 49 of about 87 (some duplicates have been removed)
CNBC
Dec 5, 2012 4:00am EST
of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
FOX Business
Dec 7, 2012 4:00pm EST
economy but could be more like a race horse if the government gets out of the way. find out how much stronger we could be. >> floodwaters rise. business and the stock have taken advantage of these floods we are seeing. so many people suffered but there are businesses that will take advantage of this. jeff flock taking us inside this facility's manufacturing warehouse coming up next. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fas
CNBC
Dec 3, 2012 4:00am EST
, government bonds, where do you want to be. and equity in my mind mind is absolutely not. you need good growth numbers to justify the equity markets going up. now, i think there's a lot of investors looking at the yields on ghoechlt bonds or credits and that's motivating them to move into equity. i think the numbers are actually going to be relatively small. and i would certainly advocate against doing that because as you were saying, weak numbers, unless you see some much stronger growth, it's hard to justify current valuations. >> both of you stick around because we'll talk about china in just a second. today we'll be out in tokyo, as well, to assess what options the bank of japan really has. policy will not be dictated by market opinion. we'll take stock of britain's progress towards deficit reduction, this ahead of the chancellor's autumn statement. senior fellow for international economics. will the numbers live up to the expectations. meanwhile, over in ghi narks the mainland's factories are crank out more goods at the fastest pace in month. >> chinese factories appear to be recovering.
CNBC
Dec 6, 2012 4:00am EST
's middle class. so i think it all is positive sentiments. the government is pumping more money, drive the infrastructure development. and i think that in the medium term over say the next couple months, the losses should be much better. >> all right. andrew, thank you. stick around. we'll come back to you you and talk more about the luxury sector. nick has views, as well, on the chinese stock market. speaking to cnbc a day after delivering his autumn statement in parliament, he said the budget plan would continue to attract investment to the british dealt markets. >> we have to get a control on spending. that's why i'm operating benefits by less than the rates of inflation. it's forecast to continue to fall, so we are making progress. britain started with a large deficit, but we're getting it down. >> you've drawn criticism about the lack of supporting growth. when will we see measures that booth the long term growth of the economy. >> i think you see two sorts of measures. big structural reforms to education and welfare, but also yesterday changes to our tax regime. so we now have on
FOX Business
Dec 7, 2012 6:00pm EST
the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate
CNBC
Dec 7, 2012 4:00am EST
this warning. so so at this point, there is not a crisis in the government, but the pdl dismantling the party and creating tension. >> claudia, who at the moment is -- which of parties would get the most seats in terms of polls and stuff in who is leads and would it benefit them if we had early elections? >> it doesn't look like there would be a lot of change, but if the pdl doesn't have time to get an alternative, it just leave as stronger center left which showed a very positivout come the way it managed its primary. so they have the majority, the center left. and the green leaf party is after that which just takes away from the center right government. so at this moment, it is the center left. >> claudia, thanks for that. let's get to today's global market report. equities in europe as you can see weighted to the down side around about 6:4, decliners outpacing advancers 3:2. that kind of ratio. show you where we stand with european markets. ftse 100 just down three points. xetra dax flat. up 27% this year, at the highest levels now since 2008. fresh 52 week high we closed at yesterday, as
FOX Business
Dec 8, 2012 11:00pm EST
successful continue to do it? on january 1st if my wife and i get hit by a bust the government thinks they're entitled to 55% basically everything have made. here's one hotel that iona's with about $0 million. apparently passing them on to my children on january 1st is some kind of threat to there public. i think it's a threat to being in the land of the free. gerri: as you are implying, the taxes, the debt tax sores after january 1 if nothing happe. >> monster. gerri: absolutely frightening. to you, you can see how people are reacting in the heartland to this. we're seeing reports every single day about people who are no upping the ante to charity because they're worried that their charitable donation will be worth less. companies ar paying dividends like to have not seen in december. it seems to me like the rest of the world is ahead of congress. washington is in the rearview see, and everybody else is getting ahead of them. >> right. i say that's like every other day in america where the rest of the world as head of congress. [laughter] gerri: how is this different? [laughter] >> i thin
CNBC
Dec 3, 2012 6:00am EST
-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens with this. also morgan stanley trader is under investigation by cme regulators over trades and treasury futures four years ago. at the time he was employed by goldman sachs. he's now head of global interest rates products at morgan stanley. the probe is aimed at establishing whether hadden's late trades hat manipulate closing prices and made other trades more profitable. also singapore airline says that it is in talks with interested parties to sell its 49% stake in virgin atlantic. delta is reportedly among the potential suit ors. delta is said to want to gain access on injury gain's landing rights at london heathrow. >> biggest international hub h around. i think an dwderson is really g. it's profita
FOX Business
Dec 5, 2012 9:20am EST
, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's mark stein and he's singing, not me. ♪ male announcer ] at scottrade, you won't just find us online you'll also find us in person, with dedicated support teams at over 500 brancs nationwide. so when you call or visit, you can ask for a name you know. because personal service startwith a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> detroit, we're told, is on the verge of bankruptcy, but one member of the city council thinks the president should step in and lend a hand, otherwise known as a bailout. yeah, let's call it what it is, a bailout, a call for a bailout from the obama team. city council member joan watson said yesterday, we voted for you and now give us a quid pro quo, why not? roll the tape. >> and our team in an overwhelmingly supported the reelection of this p
FOX Business
Dec 5, 2012 3:00pm EST
this issue. i would say that he should know more about economics. after certain points, the government raises less money by increasing the tax rate. if the tax rate were 100%, liz, how much money would the government raise? 100% of zero because nobody would go to work if the government confiscated everything. at some point, if the taxes increases and it turns out most analysis, most economists agree that that rate is about 30%. up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back, increasing earnings per share, decreasing numbers of shares. we always will take care of our customers, that is what we do and that is why we are% successful. liz: thank you for comin
CNBC
Dec 4, 2012 6:00am EST
except trying to rein in government. >> the truth of the matter, what's a starting to happen is that international investors, the fact that we cannot govern is going to really come home to roost. >> gld man says this is the first time he's seen people take it out of american markets. >> it's he supposed to work this w way. they can't govern either. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of pres
CNBC
Dec 4, 2012 4:00am EST
government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we think it will go up somewhat, but really not any more than people have already priced in. >> and then ten year yields, 5.24%. at the moment, relatively speaking, pretty comfortable. >> maybe a little bit too comfortable and we certainly don't want to get complace complacent.yields are where they were say in march of this year and then subsequently they shot up to 7.5%. we know with the draghi put that that won't happen, but we don't want to think that there is only one way -- >> yesterday said, look, sort of the idea of the risk on phrase, certainly for -- he was looking at it from credit markets, but would stay on until the middle >> i think lite bit more selective. it won't be just everything goes up now. we have to start thinking about companies and sectors agai
FOX Business
Dec 7, 2012 7:00pm EST
from the work force. it is accelerating today. and part of this is being subsidized by the government through record disability payments. lou: disability payments from social security administration, taking that a side when one looks at food stamps and medicaid alone, you can add other incentives as well and support programs, but we are looking at the prospect of having one in the quarter workers for every one person on welfare and working the government. we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big surplus. israel was in a catastrophic crisis in the mid 80's. it cut its way drastically to a surplus. lou: this country has a long history. >> and new zealand. lou: this country, if we can be parochial allotted for a moment, we can learn from our own experience. it is pretty clear that when we t
CNBC
Dec 7, 2012 6:00am EST
% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for corporate america, through yesterday's close, there have been # 70 announcements of special dividends. these special difference deebds are valueded a more than $30.1 billion. among the latest names, mcgraw hill will pay a special dividends of $2.50 a share before year end. and drop its previously announced plan to buy back up to $200 million more of stock this year. >> everybody's paid their dividends this year, so they won't be paying them next year. >> this is a major issue. what's going to happen is -- we have two great economists onset. but that money will get annualized, so the 30 in the gdp accounts is 120. they'll multiply it by four on the dividends income. it's quarter to quarter change at an annualized rate. so it's times four. there is the marginal propensity of those people to ge
FOX Business
Dec 5, 2012 1:00pm EST
note this morning way to raise government revenues in terms of negotiating power. long-term growth with high income taxes and on the downside the least harmful consumption tax and property taxes. is anybody listening to this? >> we just put this out. we like to get congress focus on doing the least amount of harm while they raise revenues of some sort. you can do through asset sales, develop kind of things thee3 government owns and does not own. a lot of things in terms of oil leases and about a trillion dollars worth of mineral rights the government can sell off rather than raising taxes. they can equate government workers to pay more towards the health insurance and pensions, that would be a good thing and raise revenues. there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of
FOX Business
Dec 6, 2012 11:00am EST
: we have been talking about the next great government bailout. saving the federal housing administration. connell: heading up amazon for a billion dollars in back taxes. connell: stocks now every 15 minutes. we are watching apple today. nicole: it was down over 20% from highs of september. take a look. it is in the green. everybody has been focusing on powerful so much lately. obviously, so when he issues. ipods losing market share. iphones just not doing that well in china. there it is. back in the green. let's take a look at the major market averages. the dow jones industrial average is up. the nasdaq is also in the green, as well as, the s&p 500. daaen: thank you. connell: dan had injured reporting that he will be leaving his post next month. >> the opportunity presented itself. this was the moment to either take this job or not. i think he felt with the senate transitioning into a new year this was the moment to make the move. he took it. connell: it would have been a six year term. this is early. >> it is a reflection of the frustration. i think it probably would have
CNBC
Dec 6, 2012 6:00am EST
to dangerous levels that might have required a government bailout. a lot of people weren't marking things where needed to go. >> i have a lot of questions about this story. it's an amazing allegation. $12 billion in paper losses. >> a lawyer from one of the whistle blowers will join us at 6:50. in a statement to cnbc, the bank says that allegations have already been investigated and all accounting was proper. >> my biggest questions are the allegations say the bank was doing it 2007 to 2010 and nobody came forward until late 2011 to make any complaints. i just wonder if you had been complaining the whole time along -- >> we just had this discussion about how far away do you need to be to where it's a false mark. at least 10% wiggle room. there were no buyers. if there is buyers, does that make it zero. >> basel 2 created a system that if things became less liquid, there is no change in the actual value of of the underlying asset. just couldn't sell it. so it's a bit like saying my house is a lesser asset because i can't accept it right now even though i don't want to sell it right now. >> who m
CNBC
Dec 7, 2012 9:00am EST
surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can i
CNBC
Dec 7, 2012 3:00pm EST
revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out, we need some clarity on the outlook, and the cliff is very important. if we go off the cliff, even if that number had been 250, the numbers still would weaken next year. >> jim, you have to make money in the meantime. where do you put your money? where are you putting money to work right now? >> well, i'm pessimistic. i share austin's view that i think we're going to go off the cliff and push this thing to february with the debt ceiling bill. as that reality comes in, the market is going to continue to struggle. i would avoid risky assets right now. i'd play s
FOX Business
Dec 4, 2012 11:00am EST
, it is yours. connell: the war on wealth is where we begin today. dagen: get the government out of the markets. connell: the devil wears -- becoming our next ambassador to britain. dagen: holiday travelers paying up. the average ticket price topping $450. connell: everyone needs a few days off. it is the top of the hour. we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the stock. it is near its lows of he day. their earnings will miss the analyst estimates. same-store sales dropping 3.2%. as a result, sales have diminished. how about the major market averages? the dow is higher, but the s&p and the nasdaq are lower. dagen: republicans finally pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to imagine what a deal may look like. >> i think that is right. they have been adamant in saying we want more revenue
CNBC
Dec 5, 2012 4:00pm EST
for the economy. we can make the government use the taxpayers' money more efficiently, lock in some spending savings and do some long-term entitlement reforms to make sure americans feel like they can retire with dignity. >> i want to make sure we're talking about apples and apples here, which is so hard in this discussion. the $800 billion which the republicans put forward, which would be a cap on deductions, how does that compare with how far the information is prepared to go when it comes to raising revenue from capping deductions? >> we don't actually know what the republicans think they can do in that context yet, because they haven't told us how they would propose to raise the $800 billion. we don't know whose taxes would go up. we don't know the mixes of rates and limitations they would support. we think there's a good case as part of an agreement alongside a tax increase on the wealthiest 2% of americans. we think with that mix of rates and deductions, we can reach agreement on something that's very good for the country. >> do you have a number? is there a number that the administrat
FOX Business
Dec 7, 2012 1:00pm EST
. adam: some people think investing sometimes is too good to be true. what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys p
FOX
Dec 5, 2012 4:00am PST
down the dollar is a lack of confidence in the united states government. that's plain and simple right now. are we going to lose our safehaven status? i doubt it right now. but in the short term, people are worried that this thing is not going to get figured out, and taking their money elsewhere. > what are some of the best sectors and the worst sectors you see? > > i look at it two ways. right now, i would look at financials and materials over energy and utilities, simply because the tailwind in the housing recovery that we are going to continue to see in 2013 will directly benefit both financials and materials. we have already seen a big run-up in energy and utilities. they have probably seen the better part of earnings over the last couple of years. > were you impressed by toll bros. earnings yesterday? > > i really was. i think it's just more that's going to continue. i think we as a nation, we as investors, underestimate the tailwind that the housing recovery is going to supply, and toll brothers is the prime example. > larry, thanks for coming on the show. have a good day. the la
FOX Business
Dec 3, 2012 3:00pm EST
kind of impact will government spending on things like medicare, social security, i mean, do you think it has gotten out of control? >> it is scheduled to go up by several percentage of gdp over the next couple decades. that had to be turned around. i think that everyone recognizes that is were spending control has to be focused on if we are to avoid much higher tax rates or an explosive national that. i think it is clear that the republicans are saying we will only go along with higher tax revenue, not higher tax rate, but revenue, if the administration will come forward with some plans to slow the growth of spending. lori: all of this going on against the backdrop where we have had low inflation. the fed has promised these low record rates all the way through 2013. what happens if we do get a situation where the fiscal cliff does involve higher taxes? you have higher taxes, a slowing economy and baby inflation. what do you think, will it start to kick in click select this is a recipe for disaster >> the accumulation of excess reserves in the commercial banks that right now are just p
FOX Business
Dec 5, 2012 7:00pm EST
of their own government. united states and nato agreeing to deploy patriot weapons and to thwart an aso-called by assad. the missile systems to be positioned near the syria. his staff denies that and estimates if they were deploy troops, it requires 75,000 of the troops in a full ground invasion in order to seize the chemical weapon stockpile. fox news confirming they were not ordered to draft the consideration of such a mission. secretary of state clinton is nonetheless talking very tough calling for assad to step down as the obama administration has done for the past 15 months, but refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making the decision to participate in a political transition, ending the violence against its own people, and we hope that they do so because we believe, as you know, that their fall is inevitable, but it's a question of how many people will die until that day occurs. lou: the violence, and morsi protesters in
PBS
Dec 7, 2012 4:30pm PST
to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that was mostly due to people giving up their search for work. and there's another disappointing trend, weak wage growth. >> what we are not seeing is strong income generation. the slowing in wage gains-- the weak bargaining power of labor comes across in this report and >> reporter: so although the labor market is not getting worse, it's not getting a lot better, either. and there are plenty of risks that could cause businesses to cancel projects, and hiring plans. >> clearly one of the biggest risks is that we don't see a deal on the fiscal cliff, or that they drag it
CNBC
Dec 3, 2012 3:00pm EST
sector. i think we are starting to see a slowdown in the job loss from the government sector. so, i think we're going to be seeing a better than half speed recovery. so, you do want to be taking a balanced approach. we do favor the consumer discretionary at this point offsetting with health care. >> gentlemen, thank you. more breaking news coming away right now. thanks for your thoughts. appreciate it. >> we have the letter. let's get to eamon javers. >> this is the letter speaker boehner sent to the president of the united states. the language he's choosing is important to understand, as he draes the president. the speaker saying, after a status quo election in which both you and the republican majority in the house were re-elected, the american people rightly expect both parties to come together on a fair middle ground and address the nation's most pressing challenges. the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding th
FOX Business
Dec 3, 2012 4:00pm EST
and the cuts in the government won't be as severe as a lot of people are fearing. >> sounds optimistic. and a new report showing more small businesses are putting a for sale sign on their doors. who's selling, who's buying, and why? it's the internet's largestsell, marketplace for buying and selling small businesses. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you ca great. where's yr gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® f
CNBC
Dec 6, 2012 1:00pm EST
to reduce government spending. >> i don't want to belabor the point on people going home but i assume an awful lot of members who have gone home are hearing from their constituents, go back and go to work and solve the problem here, rise above the partisan rancor. >> yes. >> the congress was on a holiday for thanksgiving not that long ago. let's talk though about three areas of real critical importance in this discussion. one is what would you do with respect to reducing the growth of spending in medicare? what specific steps are you willing to put on the table? >> well, let me give you something that -- it's very sensitive. but end of life is where 70% of the medicare dollars go, and yet we have a society where most people will not do a living will. i did a living will with my 90-year-old dad. it was very difficult. he died shortly after. but he told me, hey, do not keep me on life support, it costs a lot of money, plus i don't want it. if do you it, i'll come back and haunt you. but it was a good process. i see as a member of congress so many people who are estranged from their pare
FOX Business
Dec 4, 2012 3:00pm EST
is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will watch the governor's listen to the states. i think we can help him find compromise. liz: governor mark l. will be on neil cavuto tonight at 8:00 p.m. eastern. you cannot miss that interview. see what he has to say about today's trip to the white house. he does amazing interviews with these governors. you got to hear what he has to say. the fear of falling over the cliff real if you with a look at the chart of the fear index, you might not think so at all. it is incredibly low but market players and insiders are already making trades in advance of something aaron next guest says is about to get to the mix. let's get you in on this trade. the chief market strategist is
FOX Business
Dec 5, 2012 4:00pm EST
for an economic downturn. also what are they going to do? how will it help the billions now on city government workers. we will be talking to los angeles mayor antonio villaraigosa coming up. liz: the president meeting with top executives with the war of words continues with republican leaders in a resolution to the fiscal cliff. we're live at the white house with the very latest. what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: what a strange day. some are way up, some are way down. shares of verifone systems are getting a boost. nicole with more on that. nicole: some stocks jumping, this is a day that verifone is jumping. take a look at the stock right now, a gain of 7.5
FOX Business
Dec 7, 2012 11:00am EST
have the courage and resources to create the jobs. the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest reported s&p earnings were down. that is the first drop since the bottom of the 08 market. truthfully, some of the estimates for next year, $113 on the s&p. i do not see a lot of growth in earnings next year. it does not bode well. it is hard to be very bullish on the market as a whole. dagen: that he's starts to shrink and stocks all of a sudden look a lot more expensive. are you most concerned about what is happening here in the united states or what you see going on over in europe? what about here and our lack of action in washington? >> obviously, i am ve
CNBC
Dec 3, 2012 4:00pm EST
moving to a different inflation adjustment for social security and other government programs. they also talk about reform of medicare to include private sector competition with a traditional fee for service medicare plan. all of those are things that are within the zone of discussion that both -- between the two of the parties. now, president obama went on twitter this afternoon, took questions from the public to try to build pressure on republicans. he got one question from an average person saying, well, will my mortgage interest deduction be threatened by these fiscal cliff talks? and the president used that as a lever to say, that's why rates have to go up, because if they don't, they're going to sister to squeeze middle class deductions. that's the president trying to put pressure on. but i think now that we have offers on paper from both sides, there at least is a prospect we'll have more serious bargaining in the days ahead. >> yes. and that is good news. thank you so much, john harwood with the latest there. more now on the fiscal cliff. one of the industries with the most at st
CNBC
Dec 6, 2012 6:00pm EST
gratefulness, even if we think the government may be profligate with our money. enough already! i want others to do well too. so don't get the idea -- i'm not against the next guy doing better. the idea is that the small business person that everyone claims to be looking out for and the middle class people everyone pledges to, they do need a chance. but here's what the polls are missing, we are seeing rumblings if washington would stop intruding and go away and agree to a sacrifice. i know some are saying the president's taking a hard line. and i was none too happy with the press conference. if democrats don't get their way, i was preplexed by the rhetoric. as perplexed as grover norquist, the unelected head of the republican party can insist that voting for any tax increase after pledging to his organization not to vote for a tax increase is a death sentence for your political career. listen up, washington, we get a deal, any deal at this point we could have an economic boom that would make the benefits of even a bad deal done far outweigh the cost small business to the middle class, subchap
CNBC
Dec 6, 2012 9:00am EST
. the government finds exporting it is better than keeping it here at home. >> apple as we mentioned in the spotlight today, shares of the tech giant coming off their worst day in four years, sliding back into bear market territory. the one day loss erased nearly $35 billion in market cap. that chunk is bigger than 400 other s&p 500 companies. apple ceo tim cook talked to nbc's brian williams in our rock center exclusive. >> why can't you be a made in america company? >> you know, this i found, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states, next year, we will do one of our existing mac lines in the united states. >> you can see the entire interview with tim cook tonight on rock center, that's 10:00 eastern time on your local nbc station, but for now investors are watching the market. apple shares 5.31, which is close to the main lows. this is clos
FOX Business
Dec 1, 2012 8:00pm EST
, the feral government is expected to spend, let'do it this way, over three and a half trillion dollars. that's a lot of money, especially since they are only collecting to one-half in revenue and taes. that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the president's fourth for which he is personally responsible, fourth deficit in excess of a trillion dollars. president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that'sbout 8% of that deficit. so does that suggt we have a tax problem or, perhaps, a spending problem? think about this taxpayers making more than $250,000 representing the top 2% paid more than 46% f all texas. that would seem like a pretty fair deal to most of us, but the president says it is not fair. we don't know what that number is. how much should it be? and contrary to what the president would have you believe as he campaigns untack sites all around the country and against the wealthy, he
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